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at the wrong time? in today's cover story, from the port to the picket lines. an east coast port strike threatens to rattle the economy. after years of cutting out credit card use, why shoppers are getting back into the swipe of things. plus, could a tumble off the fiscal cliff hurt the markets? one trader says don't fall for the hype. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's friday, december 28th. i'm angela miles. in today's first look: watch your neck. the market is a head-turner. yesterday the dow dropped more than 100 points on word out of washington a resolution to the fiscal cliff was unlikely. but president obama returned early from vacation and is said to have a new proposal to offer congress, sparking a rally that left the dow down just 19 points. reports are swirling apple is moving production of its mac mini computers to foxconn plants in the u.s. apple may also be working on a smart watch. and, the new york stock exchange landed the most ipo for 2012. larry levin of trading advantag
. how much money as the port authority gone through and how much are they overbudget? >> originally in the first month after 9/11, when the port authority had a first financial where they put out, they said we are not going to have to pay the cost of this in rebuilding. and they said that we are going to get all of this money for the federal government. do not worry. ten years later, they had borrowed nearly a billion dollars. after the storm, they thought they were getting all this free money from washington and they didn't spend it very well. >> all right, why is the port authority involved in the first place? are they supposed to run the bridges and tunnels and transportation? i don't get it. >> one of the things about the port authority is it is a bistate agency. new york and new jersey governors run. what they have done is use it as a slush fund, kind of off the books government. voters don't really have any say in it. they collect all of their money. the tolls just went up and all of the hudson river crossing the port authority controls. it is now $13 to go across the george w
began in 1996 port arthur massacre was from new town, australia and. within days, australia, a country of hunters, passed the strictest gun control legislation in its history. there have been no mass killings since. the academy award winning filmmaker michael moore, the director of "bowling for columbine," response to the sandy hook massacre. >> there are crazy people and there are shootings and killings in norway and france and germany, but there hasn't been 61 mass killings like there have been in this country to a sense columbine. >> and the nra facebook page has gone dark. we will speak with lisa graves about big guns and big money. all of that and more coming up. this is "democracy now!," democracynow.org, the war and peace report. i'm amy goodman. residents of newtown, connecticut, have begun holding the first of many kernels for the 27 victims killed in friday's shooting rampage at sandy hook elementary school. on monday, noah pozner and jack pinto, 06 years old, were laid to rest in small caskets. more funerals are slated today including two more 6-year-old victim's, james matt
could suffer yet another major blow. looming strikes at ports from next sass to boston are threatening to put thousands of americans out of work. with potential losses for u.s. businesses ranging in the billions. >> the port of baltimore is one of maryland's largest economic generators. any type of work action that may result in a suspension or stoppage of work would have an adverse effect. >> we handle more cars, we handle more farm and construction equipment than any other u.s. port. patti ann: we're learning that adverse effect could take a toll on the economy. fox business network's stuart varney has more for us on that this morning. good morning, stu. >> good morning, patti ann. you're talking about two million tons of cargo a day. you're talking about billions of dollars of commerce every single day. if there is a port strike that takes place possibly on sunday of this weekend, then 14,500 dock workers walk off the job at 14 major ports on the east coast and the gulf coast. directly affected? retailers who will have a hard time getting supplies in for the spring sales. the wareho
to toys and electronics through the ports and into the marketplace but a lot of the goods won't be making it to our stores in longshoreman at more than a dozen ports from main to texas go on strike. that's what could happen by sunday if a deal can't be reached between the major shipping companies and a union representing nearly 15,000 longshoremen. >> the impact would be great. obviously on the dollar value side. on the cargo handling side but also on the job side because again these sports are major economic generators. >> richard of the maryland port administrator and others say the economic damage from a strike would reach well beyond the docks. >> your mom and pop retailer to your farmer to the trucking company that has to pick up the container atmosphere the port. so not just at the port but nationwide for everybody else that relays on the ports to move their commerce. >> coming at the same time as the fiscal cliff impasse it's a potentially devastating one-two punch for the economy. neither the longshoreman's union or alliance representing the shipping companies could give us anyone
,000 in gifts. now the audit says it may violate state and federal laws. $50,000 in expenses may expose the port to tax liabilities. the audit details more than $19,400,000 in questionable port expensions that included a cons-- expenses that included a consered. card spending limits -- concert. card spending limits are too high. management's response, they don't have enough resources for stricter review. >> it is something we take seriously and are not going to close our eyes to. >> reporter: also today they announced the retirement of its director. they have reimbursed the port $5,400 for money spent at strip clubs. one in houston and a second club in minneapolis. it is a strip club and not an inexpensive one. coming up tonight at 6:00 p.m., why receipts we found at a karaoke bar are not part of this report. noelle walker, ktvu channel 2 news. . >>> pedestrian in san francisco was killed today. he was walking long market street and crossing about 2:30 p.m. this afternoon when it happened. a witness saw a white dodge ram hit the man and drove away. police stopped the driver. there is word the dr
a crippling 8-day strike at the port of los angeles and long beach. we'll look at the toll that the work stoppage has taken on the u.s. economy. bill: a questionable cartoon featuring the rich stealing from the middle class. martha: two rising stars in the republican party laid out their vision for the future last night and for their party. >> we need to carry on and keep fighting for the american idea. the belief that everyone should have the opportunity to rise. to escape from poverty. to achieve whatever your god-given talents and hard work enable you to achieve. wow. it's the honey, it makes it taste so... well, would you look at the time... what's the rush? be happy. be healthy. [ male announcer ] with free package pickup from the u.s. postal service the holidays are easy. visit usps.com. pay, print, and have it picked up for free before december 20h for delivery in time for the holidays. you can even give us special instructions on where to find it. free package pickup. from the u.s. postal service. because it's nice to have an extra pair of hands around for the holidays. i've got
. >>> another executive quits his job at the port of oakland after an independent investigation into expenses charged to the port. the probe found dozens of employees put questionable charges on the port credit cards. >>> got your traffic and rain on the way coming up. ,, ,,,,,, >>> good morning. a live look at the bay bridge, it's backed up solidly through the may see this morning. there is a stall reported near the metering lights so that's not helping the commute about 20 to 25 minutes to get on the bay bridge. the nimitz 880 through oakland looks good towards downtown. and once again a dense fog advisory issued by chp for portions of eastern contra costa. >> patchy fog out there now out the door. watch out for that especially in some of the interior valleys. but yeah, looks like the 30s and 40s right now. by the afternoon, only in the 50s and 60s. increasing clouds chance of rain is on the way. [ laughter ] [ girl ] wow, you guys have it easy. i wish i had u-verse when i was your age. in my day, we didn't have these fancy wireless receivers. blah blah blah. if i had a sleepover, i couldn
top executive at the port of oakland is out. james kwon is quitting effective this month but will stay on as an advisor until his replacement is found. he allegedly billed strip club charges to the port on two occasions and the audit found questionable expenses by dozens of port employees and commissioners. the executive director omar benjamin retired after the audit. >>> in a few hours, search crews in vallejo will deploy' so for video camera to try to find a missing man of the officials think 77-year-old phillip mattingly of fair oaks may have fallen into the mare island strait last seen saturday afternoon working on a tugboat on the eastshore of the island. divers and coast guard boats have searched the waters but have found nothing. >>> today contra costa county leaders will debate scaling backfire service. supervisors are considering closing as many as four stations. the proposed closures come after voters failed to pass measure q a partial tax to fund the fire services. >>> let's check the weather. >> snow around the bay area? and rain? >> yes. >> welcome back! >> a good possibi
shake up in the port of oakland after questionable spending of public money. maritime director jamessian is stepping down and the report comes as they release an internal audit on single transactions. more than 60 to $07,000 in -- $70,000 in extravagant gifts expose the port for tax liabilities. >> it is something we take seriously and we are not going to close our eyes to it and make sure the mistakes of the past are not repeated. >> he is the second one to step down and benjamin abruptly retired last month. the two racked up more than 5,000 in charges in two strip clubs and that money has since been repaid. >>> parent and think means facebook users have lost their rights on the social networking site. they are expected to announce a poll on changes later today. facebook asked users to go ahead with changes to the member input policies but warned at least 300 million users would have to keep the current policies going to keep them in place. fewer than 300,000 responded. >>> they are complaining about the lack of playing time. jacobs will not play after posting he was quote, rotting away
situation. the puellab tribe, the port and city of tacoma and others all had a difficult dispute going on. the end result was the second largest native american land claim settlement in u.s. history. and the deal led to tremendous economic growth for the tribe, for the port, and for the surrounding communities. senator inouye, as i said, was the chairman of the select committee on indian affairs in 1980 when the puelab tribe successfully sued to assert its claim for land around its reservation, and this land included the port of tacoma, many parts of downtown tacoma, the towns of fife and puelab. and because of his strong commitment to native american rights, the puelab trusted senator inouye to serve as an intermediary between the parties involved in the negotiations and to try to resolve this dispute. he made around a dozen trips to washington state at key moments of this negotiations. if you can imagine a senator who has to represent his state, be a leader on the appropriations committee, would spend so much time on one particular dispute. during one session at a tacoma hotel, senator
shipping port are over, but concerns of outsourcing persist. last week, striking workers protested that their jobs were being outsourced. employers denied sending jobs abroad. however, there is evidence that some industries are ramping up outsourcing. consulting firm the hackett group estimates since 2002, 663,000 jobs from large u.s. companies have gone abroad, mainly from industries like information technology, human resources, finance and purchasing. by 2016, the firm says another 375,000 jobs will have gone to places such as india, china, mexico and the philippines. just one day after apple reveals it will manufacture some of its products in the u.s., foxconn says it may follow suit. foxconn, apple's primary manufacturer in china, says it is considering expanding its operations in the u.s., where it currently has two factories. foxconn has seen its image suffer of late following revelations that workers are subjected to poor working conditions and mandatory overtime at factories in china. the company says expanding its american operations is part of a long-term global expnasion
"" expenditures by port of oakland workers in 2011. that's according to a pair of audits released yesterday that looked at what employees purchased with public dollars. the release of the audit has forced maritime director james kwon to step down. an internal audit of 2011 expenses were already underway in october when news broke about the port's executive director, omar benjamin and kwon spent nearly 45-hundred dollars at a houston strip club. >> two men shot are expected to survive. it happened in the 2300 block of mandarin way after 10:00. there were transported to a local hospital with not life- threatening injuries. the investigation is still ongoing. >> an update on the fiscal cliff the federal reserve is expected and on buying plan that would soften the blow from tax increases and spending cuts that would go into effect in january if congress cannot reach a deal. the white house and republicans are not selling any outward signs of yielding. house speaker john bennett says he is waiting for the president to identify the spending cuts he is willing to make-that senator johntoday, autho
:49. there's been another shakeup at the port of oakland, into questionable spending of money. james caan is now stepping down. the audit says some of the port's credit cardholders skirted spending limits on single transactions. it also says more than $67,000 in extravagant gifts may violent state and federal laws and that some expenses expose the port to tax liabilities. >>> it is something that we take seriously and are not gonna close our eyes, too. we're gonna look at it. make sure that mistakes of the past are not repeated. >> he's the second executive to step down. omar benjamin abruptly retired last month. the port says the two racked up more than $5,000 in charges at two strip luns. the money has since been -- clubs. the money has since been repaid. >>> more than 40,000 people visit it every day. how a redesign will make a popular part of fisherman's wharf even better. >>> our time is now 7:53. four nfl players will find out today if their suspensions for a bounty investigation of the new orleans saints will be upheld, reduced or thrown out. former commissioner paul tagliabue will
, tried to steal the van. >>> spending scandal involving a strip club has caused director of the port of oakland his job. james kwan has agreed to retire this month. he's accused of running up a $4500 dinner tab at a texas strip club setting off an investigation. the port has received repayment of public funds spent on two improper period s. officials now have a new -- new set of rules, including new spending guidelines. >>> san francisco board considering legislation to expand no smoking policies in the city. land reports may be forces to tell renters if their new neighbors are smokers. if the measure is approved. building with 50 or fewer units will have until december of next year to designate smoking or nonsmoking. the board will vote next year on measure that bans smoking at street fairs and other outdoor events on city owned property. >>> sonoma and concord debating issues on growing marijuana for medicinal use. the board will consider a plan to limit medical marijuana patients to having six mature plants and eight ounces of dry pot, per year, the same as the state law. sonoma a
15,000 dock workers at ports from boston to houston are ready to walk off the job. they say negotiations are still possible but no new talks are scheduled. shippers and retailers are pleading the union and cargo carriers to get back to talks. >> this morning police in pennsylvania are trying to determine were a man -- why a man shot and killed three people before dieing in a gun fight with police. it happened in frankstown township. authorities say it appears they all happened at different locations. one woman was found dead inside a church, a man in a home and another after getting in to a car accident with the suspect. >> we have seized weapons, we will be exploring ownership of those weapons, how they were got, when, we will look at which of those weapons was use at which crime scene. >> three troopers were also hurt. one of them was shot twice in the chest but survived because he was wearing a bullet proof vest. >> marin county wants to get violent video games out of homes and guns off the street this are holding a gun buy back and the district attorney said police
get to your calls. this is the lead story in the "l.a. times" class morning. port strike part of a bigger fight. the eight-day strike that crippled one of the world's busiest ports reflected a clash that is playing out across the global shipping industry as ports and their unionized work forces gird for an era of briskly expanding foreign trade. the strike that shut down the ports of los angeles and long beach paralleled the generational skirmishes that have ripped through factory shops. cargo companies and ports want to cut costs and automate operations to compete with aggressive rivals in canada and south america. that is pitting them against unions, which are struggling to reserve high-paying jobs for the middle-class members. it was resolved late tuesday, according to this article. here is the front page of the press." feet frefree state says detroit out of time to fix its fiscal mess. falling revenues and rising expenses. the state of michigan delivered an abrupt ultimatum to the city wednesday. move quickly toward reform, or an emergency financial manager will be reporte
. >> facebook shares up to 2786. >> the port of oakland maritime director james caan is stepping down as a newly released audit shows that nearly $200,000 in questionable expenses. from luxury mills to tiffany silver caearrings. to you-to concert tickets. an internal audit of 2011 expenses or already under way in october when news broke out about the port executive director, omar benjamin and quantum in nearly $4,500 and used to strip club. benjamin is already stepped down from his position. >> american schoolchildren continue to lag behind students in asian countries in math and science exams giving globally. >> result from international achievement exams find that students in singapore, south korea, and japan outperform u.s. fourth and eighth grade student in the to about 11 trend in international mathematics and science study. despite the u.s. students do rank among the top form as assisting countries that administer the exam. >> our live look this morning shows hazy conditions. foggy in seven to go. traffic beginning to build. we will get an update on both your weather and traffic coming wel
a different subject. something that could affect our economy short-term. port workers from boston to houston, threatening to strike and walk off the job come sunday. that could disrupt 2 million tons of imports every single day, and billions of dollars of economic activity every day, every week that this walkout continues. it's a threat at the moment, but it could become reality come sunday. if it happened, do you think we go into recession? is it the final straw at that kicks us into recession? >> well, given the fact that so many goods have come in in the end of the third and the beginning of the fourth quarter for the holiday season, i think if it's a short-term thing, we don't go into recession. now what i say about this, stuart, i say if that happens, fire them all. working and having a job is a privilege not a right. we have become the entitled state of america and i will tell you what i've never been in a job if i decided to go on strike they wouldn't have said, carol, guess what, that's the door don't let it hit you on the butt as you go out. if they want to strike, 20 million people
went to a high school in port allen, west baton rouge, it was called the port allen pelpelicans. my home state is thinking about changing their name, the new orleans hornets. >> you got hurricanes, you have cuisine. i like the jazz utah lifted when they got the team. pelicans, i'm not sure she's cutting it. >> beautiful but doesn't sound like -- thank you. always a pleasure to see you. >>> next international leaders are gathering in norway where they're preparing to honor the best of the best. a restaurant is hard, try running four. fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. so, the 5.3-liter v8 silverado can tow up to 9,600 pounds? 315 horsepower. what's that in reindeer-power? [ laughs ] [ pencil scratches ] [ male announcer ] chevy's giving more. get the best offer of the year -- 0% apr financing for 60 months plus $1,000 holiday bonus cash. plus tr
port of oakland executive is on the way out. maritime director james kwon is quitting later this month. but he will stay on as an advisor until his had replacement is hired. an audit showed he used credit cards for strip clubs on two occasions. the port's executive director omar benjamin retired after the audit became public. >>> 6:36. let's check weather with meteorologist lawrence karnow. >> let's do that. we have a little rain and some snow. >> maybe a little snow across the mountains. it's starting out quiet and chilly. out the door we are seeing a little fog in some of the north bay valleys so watch out for that. visibilities down to a quarter mile in the santa rosa area. fog will break up. sunshine and clouds move in later on. out over the bay looking like a beautiful start to the day outside. but we're likely to see clouds fill the skies later on. 39 degrees and chilly in concord. 38 in santa rosa with the fog. 45 in san jose. and 47 degrees in san francisco. in the afternoon temperatures in the 60s in the south bay cooler than yesterday. east bay numbers in the 50s and a few 60
. the cause of the smell is being investigated. >>> another port of oakland executive is on his way out because of an expensive account problem. maritime director james kwon is quitting effective this month but will stay on as an advisor until hills replacement is hired. an audit also found questionable expenses by other employees and commissioners. >>> search crews in vallejo plan to use sonar to find a missing man. they believe a 77-year-old man fell into the mare island straits. he was last seen saturday afternoon working on a tugboat on the eastshore of mare island. since then divers and coast guard has searched the waters but found nothing. >>> this afternoon contra costa county board of supervisors will take up a proposal to close as many as four fire stations. this follows the failure of a parcel tax that didn't get voter support. there is a $3 million shortfall so stations could shut down in walnut creek, clayton, martinez and lafayette. >>> a mysterious invasion along some beaches in california. thousands of squid washed up yesterday along a 12-mile stretch of shore on monterey
a good day today. we had these mini strikes but the ports are showing strong trafficking. if you can find companies like google and apple, you would stay with apple? >> absolutely. one of the great bragrands domit here, apple will do well. >> you are saying, keep your eye on the longer term. don't look at every breath for this clip business. try to have a long der term. >> if you are trying to dance aren't what a politician is saying over here. in guesting for the long-term you have to look three or five years out. >> all right folks the real divide in america is not just the rich and the poor it is between private and public workers. don't think the folks haven't figured that out. we have an eye opening poll for you on that subject. stay with us please. work hard . since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one rela
? and could you comment on where the commercial space ports of the future will be located? >> well, for suborbital manned spaceflight, they can use any airport with a 12,000 foot runway. branson is considering doing it in an isolated place in new mexico. i tried to talk him into doing it in a place where there is an ocean and something worth looking. at any rate, his plan to put spaceports in five or six different countries, he wants to do one or you can let people see the northern lights during your space flight. so he has some really neat ideas about where it could be done. when you look at where funds are available for a space port, there is one planned in dubai. there is not one affordable enough to fly into orbit, so i suggest that we had better solve that problem and then think about what a space port would look like. >> your thoughts on using model aviation as a funnel for youth to get into aircraft engineering, because your friends at the faa are trying to lump us then with the uab program. >> not just the faa. they are now in the air force debating how do you give an air m
. >> that was pretty easy. >> that was cake. >> reporter: second down, there are three downtown areas along the port. the inner harbor, sells point and the italy. which was featured in the movie sleepless in seattle. >> south point. >> reporter: santana moss played at the u with this -- >> ed read. >> i had it. but too slow. >> reporter: fourth down. you need this to stay alive. cal ripken
/2% cost of living increases next year and in 2014. there's also a $3500 signing bonus. the port commission is expected to approve this new contract next week. >>> well, close to 38,000 people have already signed an on online petition against the new logo for the university of california. the new, more simple and contemporary image, there it is. it was unveiled on friday. besides the website changed, there's several other facebook pages stopping the university from using. they say they will still use the 144-year-old seal but says the new logo represents a modern look for the university system. >>> police in south san francisco are cracking down on repeat dui offenders. police will be watching for drivers with several dui convictions who are still on the road despite having a suspended license. police say those drivers often do not have insurance and are more likely to receive the seen of an accident. officers say -- leave the scene of an accident. officers say those repeat offenders risk being arrested and having their car impounded. >>> bay area drivers may think that christmas has come e
neutral, they they have been he. they have a port, for some reason, i'm not sure why, place such great importance on their window on the mediterranean. and i've not seen any situation where vladimir putin has been of assistance to us. we pass add bill today with the reversal of an amendment that puts penalties and severe spents on people who abuse human rights in russia and vladimir is not going to be happy will this legislation. >> i noticed back in july you warned everybody that this would happen. you called our foreign policy feckless. will the world had blood on its hands, everybody, if he unleashes the chemical weapons and we see tens of thousands of people dead or is this something we just can't police the world and we are going to have to stand by and watch this. >> i think we would be directly responsible. all of those who argued against intervention warned us that if we intervene, these terrible things would happen, well, we didn't intervene, and all these terrible things, the consequences have been huge. as we sat by and watched these 40,000 people massacred. so it was very c
are jealously guarding the port of tartus where they have a significant military and financial investment in syria. they are a patron of syria. it is very unlikely of the russians are going to help dislodge this, and that is a shame, obviously, because the syrians are loading chemical weapons. we hear dangerous reports command of syria right now. lou: and we learn that the pen exiles, one of the exile leaders returning to gaza today. well, not returning to, but going from which he had been banned for 45 years. your reaction? and an assessment of its significance. >> sure. the political leader. this is seen as a victory. i'm not sure why they let him back in. but currently celebrating his 205th anniversary, and they are also celebrating what they describe as a victory over the israelis despite the fact that the israelis really dominated the battlefield during that war in gaza two weeks ago. lou: it's great to have you with us. we thank you so much. appreciate it. >> my pleasure. lou: much more. we will take all of that up with the "a-team" here next. ♪ lou: 18 days until christmas, 24 da
's, again, www.rfkcenter.org. you can come up to hien port and go sailing. harry has done that before. it's a lot of fun. >> well, we're excited about the work at the r.f.k. center. and whoever wins to go to dinner with harry belafonte, that night, they can come to "politics nation" and watch us do the show. thank you both so much for your time tonight. >> thank you, dr. sharpton. >> coming up, if it's sunday, it's newt gingrich showing he can't handle the truth. that's next. you won't take my life. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12 years. aids is strong. aids is strong. but we are stronger. and aids... ♪ aids is going to lose. aids is going to lose. ♪ anyone have occasional constipation, diarrhea, gas, bloating? yeah. one phillips' colon health probiotic cap each day helps defend against these digestive issues with three strains of good bacteria. approved! [ phillips' lad
into exile in palm beach, the south of france, hyannis port. >> did joe ever regret that he was wrong about the nazis and world war ii? >> no. on the contrary. there was this moment where he meets with churchill. churchill was defeated and the war is over and he's defeat and he comes to the united states for a vacation. they meet and winston churchill said to joe kennedy i am desperately sorry your son was killed in the war. joe jr. was killed in a bomber and crashed. joe kennedy looks at him and said what was it all for? all we got now is the soviets dominating europe instead of the germans. we fought a war for this? >> did joe's outspokenness against world war ii make kennedy more of a hawk and jfk ending up being more of a hawk in response to his father? >> that's a great question. i don't know. i think part of what jfk does is follows his father. his father was an isolationist, but he was also in favor of huge military budgets to build up missile systems and every conceivable type of defense. first against the germans so they could never invade the united states and against the soviets.
of the country's ocean bound shipping traffic at 14 points -- ports and mark the first by the group in decades. president obama is facing calls from corporate groups to use emergency powers to rippon the strike. michigan governor rick snyder has signed into law a measure allowing michigan areas to declare bankruptcy or fall under the control of an unelected emergency manager enabled to fire public officials and nullify union contracts. state republicans approved it this month after voters repealed a similar initiative on election day. despite reimposing a measure that was rejected by popular vote, governor snyder said -- was among a number of controversial bills recently advanced by state republicans in michigan before their majority declines with a new legislative session next month. the chicago teachers union has filed a lawsuit accusing a city of discriminating against african-american teachers and staff through its effort to reform or shut down local schools. the federal suit says more than half of the tenured teachers who lost their jobs in the most recent wave of school closings were afr
, including the hostess twinkie companies, the ports of los angeles and out on the west coast. we have obama in the white house. the unions are going whild here. in all seriousness, i don't think unions are any more placid here than they are in china. >> but in china, workers go out on wildcat strikes all the time. foxconn which manufactures about 97% of apple's products, they've been really subject to labor troubles, from suicides to strikes. so i think apple is starting to see that there are some really important economic reasons to manufacturing. they're not the only company doing that. >> is it robots they're going -- i was told that apple is going into a plant in the u.s. that's a robotic plant so american workers aren't really going to be hired. >> last year in foxconn, they had 10,000 robots. if you have robots, china's cost manufacturing advantage is really nil except for chinese consumers. >> as long as we keep drilling for natural gas and we have the shale revolution, that's going to make us more competitive. i'm not making a case for china. i'm just a little interested in the appl
is port-au-prince the american people and very important for our economy. thanks. >> there you go. speaker always short and sweet and had that intention of coming out at 11:00. and hit his mark. four minutes later, done with that. so the meantime, christine romans is there. she has been breaking down the jobs number. you heard him. he said that president -- the call with the president was -- more of the same. and that the -- >> pleasant. more of the same. >> such a holiday spirit. look, this is critical because we are starting to see really hardened numbers when it comes to the taxation of the top 2%. >> let me tell you what the -- smart money on wall street is saying. one of the reasons why still have the dow above 13,000, they think that the president and democrats have held the line here and they have the upper hand and have the leverage. and the question now is what will the top tax rate be? right now 35%. it is going to go up to 39.5%. >> that's the wish list of the democrats. goes all the way -- >> 39.5%. >> pre-bush tax cut levels. so what will -- will -- you heard dan ask that ques
to be used against an american aircraft carrier, you know, or a por port or subway five years from now. >> it seems like it's reaching a critical mass in the united states, the move to arm and help the rebels in some way. i could be wrong, but it feels we're hearing more and more about it. i still don't understand because we go in and we intervene in libya. and we weren't able to procure weapons there. now the weapons are being used in gaza and now apparently being used in syria. so if we intervene, does it do more good than harm? >> i think it's a very complicated situation. if we don't know who we are intervening for, i do think there's a potential for consequences we don't understand. what's going on in syria is -- at one level, it's a simple morality play, which is assad and his regime are awful, brutal dictators, they have been oppressing their people. on another level, it's complicated. there are a number of people against the government who are also bad guys. there are a lot of people supporting the government. a lot of kurds and christians and syrians in syria are supporting th
. the first shot report we were saying 3:29 p.m. local time in port land. now they are saying the first call was at 3:20 p.m. that time of the afternoon, moms and kids at the santa store, the foot court full of people. christmas shopping going on intrps to macy's there. the food court and this camera shop and in come ins this man clad in camo mask on his face carrying this weapon and just begins shooting apparently in the early going at random. walked by a game shot and shot there according to their witnesses walked around by this macy's and shot there according to witnesses. all the while running and screaming. you heard reports from mall employees and mall managers saying that some stores were closing their gates. others didn't know what to do. jewelry store employees according to a report you heard somebody was going on. news conference now being reported widely. that the suspect has been neutralized the suspect may be dead and in fact he may be one of the two people dead inside that mall or confirmed dead. we have multiple reports now of shooting others trying to get out of this scene yo
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